Integrated Cloud Management Platform Market Demand Analysis by Component (Solutions, Services), Enterprise Size (Large Enterprises, SMEs), Vertical (BFSI, IT and Telecom, Retail and Consumer Goods, Government and Defense, Healthcare and Life Sciences, Energy and Utilities, Manufacturing) – Forecast to 2030

Market Overview

The global integrated cloud management platform market is set to reach $8,854.9 million in 2030 from $2,502.2 million in 2021, advancing at CAGR of 15.1% during 2021–2030. The major factor credited for this growth is the rapid adoption of hybrid and multi-cloud strategies. Moreover, the growing trend of bring your own device and shifting workload to cloud environments are propelling the growth. Further, the COVID-19 pandemic has provided a boost to the market by impelling companies to shift to the work from home model from the work from office model, either completely or partly.

Integrated Cloud Management Platform Solutions Are Larger Component

Solutions accounted for the larger share, of more than 55%, in 2021, as enterprises are increasingly automating their cloud environments due to the limited availability of human resources.

The services category, which includes support and maintenance, training and education, consultation, and integration and implementation services, is expected to advance at a higher growth rate.

Solution Adoption in SMEs To Gain Momentum at High Rate

Large corporations have huge corporate networks and numerous revenue streams, resulting in the need for the required resources to be accessible at the right time. Additionally, in order to acquire larger shares and boost their overall productivity, they continually adopt new technologies, a trait that resulted in their larger industry share, of 70.9%, in 2021.

The SMEs category is projected to witness the higher CAGR in the next few years, owing to the increasing adoption of integrated cloud management platforms by SMEs, as they face aggressive competition from large corporations. Pay-as-you-go is the preferred payment plan among SMEs, since it allows them to manage their IT infrastructure according to their needs.

BFSI Sector Is Highest Revenue Contributor

The BFSI sector is the largest vertical that uses integrated cloud management platforms, generating more than 30% of the revenue in 2021, as over 90% of the banking companies and financial service organizations have adopted hybrid and multi-cloud models. This creates the requirement to effectively manage the movement of data between on-premises servers and multiple cloud environments. Therefore, BFSI companies are increasing their investment in integrated cloud management platforms, to synchronize and administer their cloud usage across environments and cloud service providers.

The IT and telecom sector is the second-largest vertical, as the companies operating in the sector have large amounts of data to be managed on the premises as well as in the cloud environment. Moreover, post COVID-19, the demand for internet-based applications on tablets, smartphones, laptops, and PCs has increased, which is causing the shift to cloud-based platforms.

The retail and consumer goods sector is the third-largest end user, and it is expected to undergo the fastest growth during the forecast period. This is attributed to the increasing adoption of the cloud infrastructure by retail giants as customers continue to shift toward online shopping. Moreover, software vendors are launching industry-specific platforms in order to acquire a larger customer base. For instance, in March 2022, Informatica launched the retail-specific Intelligent Data Management Cloud, which is being used by Discount Tires and The Hershey Company.

Regional Outlook

The North American integrated cloud management platform market, which generated 40% of the revenue in 2021, is the largest regional market, owing to the rapid implementation of the private cloud infrastructure by enterprises to manage their networks. Moreover, the usage of wireless connectivity, along with IoT gadgets and connected devices, is expected to boost the growth in the usage of these platforms by the enterprises in the region.

The U.S. dominates the regional market owing to the increasing investment by the government for digitalization. Moreover, the country is home to the highest number of companies operating in the space, which are involved in R&D for new and innovative integrated cloud management solutions.

Europe holds the second-largest share, as a large proportion of the businesses in the region are using cloud computing. Moreover, the workload is projected to shift to the cloud in the future at a significant rate. Additionally, the implementation of new technologies, such as edge computing and IoT, in cloud-based solutions is leading the way for this growth. Germany, the U.K., and France are the major countries in the region in regard to the usage of such solutions, with Germany holding the largest share.

The APAC region is projected to witness the fastest growth through 2021–2030 and maintain its third position globally, owing to the vendor lock-in concerns and reliability on a single cloud, along with the rising pressure to comply with data security and privacy protection regulations. Furthermore, the availability of skilled labor and increasing cloud adoption are propelling the growth. China, Japan. and India are the major countries in the region in terms of the usage of these platforms, with China dominating the market. China’s high demand for these solutions is attributed to the high-pace growth in the adoption of cloud services, with public cloud leading the way.

The LATAM and MEA regions will also undergo significant growth over this decade owing to the higher internet penetration than before and untapped opportunities for companies offering e-learning material, software, hardware, and other services. Moreover, in the MEA region, governments support mass digitization, particularly soft skill development, which is propelling the growth in demand for these solutions. In the LATAM region, Brazil is the largest user, while in the MEA region, the U.A.E. dominates the industry.

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Business Opportunities

• The increasing adoption of the hybrid cloud infrastructure is creating opportunities for companies to expand their operations. IT companies are rapidly shifting to the hybrid cloud infrastructure to keep a certain amount of workloads on-premises, for the purpose of data security.
• Integrated AIOps for cloud management boosts operational efficiency with the use of AI and machine learning technologies; thus, it is gaining momentum among end users, in turn, providing startups and established companies openings to launch integrated cloud management platforms with AIOps technologies.

Key Strategic Developments

In recent years, major players in the market have been actively involved in mergers & acquisitions and launching new products, to enhance their capabilities and offerings. For instance,

• In April 2022, Snow Software announced enhancements to its Snow Commander product, designed to help organizations advance their cloud journey, while extending into hybrid and multi-cloud environments.
• In March 2022, Micro Focus released Hybrid Cloud Management X (HCMX) software-as-a-service, which unifies hybrid cloud and on-premises fulfillment operations.

Key Players in Integrated Cloud Management Platform Market Are:

• Microsoft Corporation
• IBM Corporation
• VMware Inc.
• Dynatrace Inc.
• Micro Focus
• Snow Software Inc.
• Cognizant
• BMC Software Inc.
• Lumen Technologies Inc.
• Splunk Inc.

Segmentation Analysis

The research offers the market size of the integrated cloud management platform market for the period 2017–2030.

Based on Component

• Solutions
• Services

Based on Enterprise Size

• Large Enterprises
• SMEs

Based on Vertical

• BFSI
• IT and Telecom
• Retail and Consumer Goods
• Government and Defense
• Healthcare and Life sciences
• Energy and Utilities
• Manufacturing

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa